Viewpoint | Intelligent Investment
Midwest US Industrial Labor - 2024
August 15, 2024 10 Minute Read
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In this report the largest 21 markets in the Midwest were evaluated based on the current transportation and warehouse labor situations. This report also looks at the historic rise in industrial demand as measured by industrial completions and net absorption, and the resulting increase in demand for skilled and affordable industrial labor.
Growth in the transportation and warehouse employment sector has slowed over the last year, in line with the decline in development of new distribution and warehouse space. Looking longer term, transportation and warehouse employment grew 15.5% in the Midwest over the last 5-years coinciding with record industrial development.
There are many factors to consider when evaluating an industrial labor market. To learn more about an individual Midwest market, refer to the individual market pages starting on page 10.